Co-Prosperity (00707) said it expects the net profit recorded for the year ended 31 December 2016 would increase as compared to that of last year.
The increase in expected net profit is mainly attributable to, among others, the realized and unrealized investment gains and business development.
As Asia Television Limited (ATV) was undergoing liquidation, the management of the Group was unable to access certain financial information or other information in relation to the assets and liabilities of ATV and therefore unable to determine whether any adjustments or impairment to these amounts was necessary, and hence, any potential adjustment or impairment was not taken into account in calculating the net profit for the year.
Its final results announcement is expected to be published by the end of March.
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